American Family Insurance partners with Assurant Health to provide customers major medical health insurance options - Yahoo Finance
MILWAUKEE, May 7, 2012 /PRNewswire/ -- Assurant Health, a leading provider of individual and small group health insurance, and American Family Insurance today announced an agreement naming Assurant Health the exclusive provider of individual major medical health insurance products sold by American Family Insurance.
Effective immediately, American Family Insurance customers will have access to Assurant Health's entire suite of products, including individual Major Medical plans, Short Term Medical, Assurant Supplemental Coverage, products that offer additional coverage for dental, accident and critical illness, and Assurant Health Access(SM), a unique fixed-benefit product that offers affordable access to everyday health services with no deductibles. Previously, American Family agents offered Assurant Health's small group major medical products to meet the insurance needs of business customers.
"Our new agreement with American Family Insurance underscores our commitment to customers in the individual and small group markets," said Adam Lamnin, president and chief executive officer of Assurant Health. "We're excited to provide American Family customers access to our high-quality, affordable health care coverage, as well as services to help them get the most value from their health plan."
This agreement allows the 3,500 agents of American Family Insurance to offer their customers a variety of affordable plan choices to meet their unique needs. These agents also will be able to access Assurant Health's innovative online quoting and sales platform, as well as its agent-client management system.
"American Family Insurance provides top-quality products and services to the customers who prefer a 'one-stop' insurance shopping experience," said Greg Gisi, American Family Insurance vice president of enterprise strategy and risk alliances. "Assurant Health brings to market the expertise and buying power of companies that specialize in health insurance, and we are very pleased to make Assurant Health products available to our customers through this agreement."
About Assurant Health
Assurant Health is the brand name for a family of health insurance products focused on providing a variety of affordable plan choices to consumers. The portfolio of health care products includes major medical, supplemental and fixed-benefit plans for individuals, families and small employers. Assurant Health is committed to providing access to convenient health care delivery, easy-to-understand products and value-added services that help customers better manage their health care dollars and get the most out of their coverage—ultimately seeking to protect not only financial security but also the health and well being of its customers. Assurant Health's products are underwritten and issued by John Alden Life Insurance Company, Union Security Insurance Company and Time Insurance Company, which has been in business since 1892. Headquartered in Milwaukee, Assurant Health employs approximately 2,000 employees. www.assuranthealth.com
Additional Company Information
Assurant Health is part of Assurant, a premier provider of specialized insurance products and related services in North America and select worldwide markets. Assurant, a Fortune 500 company and a member of the S&P 500, is traded on the New York Stock Exchange under the symbol AIZ. Assurant has approximately $27 billion in assets and $8 billion in annual revenue. www.assurant.com
About American Family
Based in Madison, Wis., American Family Insurance offers auto insurance, homeowners insurance, life insurance, health insurance, business and farm/ranch insurance in 19 states. The company employs approximately 7,800 people and sells its products through 3,457 independent contractor exclusive agents. American Family Insurance is the nation's third-largest mutual property/casualty insurance company and ranks 358th on the Fortune 500 list. Web: www.amfam.com; Facebook: www.facebook.com/amfam; Twitter: www.twitter.com/amfam.
12 May, 2012
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Source: http://finance.yahoo.com/news/american-family-insurance-partners-assurant-201100336.html
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